Change - Announcement of Cessation::Retirement of Mr Jackson Chevalier Yap Kit Siong as an Independent Director

Issuer & Securities

Issuer/ Manager
MEMIONTEC HOLDINGS LTD.
Securities
MEMIONTEC HLDGS LTD. - SGXE13155820 - TWL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Apr-2024 04:00:03
Status
New
Announcement Sub Title
Retirement of Mr Jackson Chevalier Yap Kit Siong as an Independent Director
Announcement Reference
SG240409OTHRB6GM
Submitted By (Co./ Ind. Name)
Tay Kiat Seng
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of the Retirement of Mr Jackson Chevalier Yap Kit Siong ("Mr Jackson Yap") as an Independent Director of the Company.

This announcement has been prepared by Memiontec Holdings Ltd. (the "Company") and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Karen Soh, Managing Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Jackson Chevalier Yap Kit Siong
Age
72
Is effective date of cessation known?
Yes
If yes, please provide the date
24/04/2024
Detailed Reason (s) for cessation
Mr Jackson Yap is retiring at the forthcoming Annual General Meeting of the Company to be held on 24 April 2024 ("AGM") to spend more time on his personal interests.

Accordingly, Mr Jackson Yap will retire as an Independent Director of the Company at the conclusion of the forthcoming AGM. Upon his retirement, Mr Jackson Yap will also cease to be the Chairman of the Board, the Chairman of the Remuneration Committee as well as a member of the Audit Committee and the Nominating Committee.

After having interviewed Mr Jackson Yap and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Mr Jackson Yap.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
30/12/2019
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
1. Independent Director
2. Chairman of the Board
3. Chairman of Remuneration Committee
4. Member of Audit Committee
5. Member of Nominating Committee
Role and responsibilities
Assumed the roles and responsibilities of an Independent Director, the Chairman of the Board, the Chairman of the Remuneration Committee as well as a member of the Audit Committee and the Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Directorships
- Greatearth Pte. Ltd.
- NJCapital Sdn Bhd
- Apex Healthcare Berhad

Principal Commitments
- Nil
Present
Directorships
- Leafydom Limited

Principal Commitments
- Nil